Jefferies Financial Group Inc. Sells 34,248 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Jefferies Financial Group Inc. significantly reduced its stake in StoneX Group by 91.8%, selling 34,248 shares to hold only 3,052 shares valued at approximately $233,000.
• Multiple institutional investors, including Ridgewood Investments LLC and Larson Financial Group LLC, have increased their positions in StoneX Group, reflecting a trend of institutional ownership at 75.93% of the stock.
• In its latest earnings report, StoneX Group missed EPS estimates with a reported $1.22 per share, despite achieving significant revenue of $1.02 billion for the quarter.

Jefferies Financial Group Inc. lessened its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 91.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,052 shares of the company's stock after selling 34,248 shares during the period. Jefferies Financial Group Inc.'s holdings in StoneX Group were worth $233,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SNEX. Ridgewood Investments LLC boosted its stake in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC boosted its stake in StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after acquiring an additional 357 shares in the last quarter. IFP Advisors Inc boosted its stake in StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after acquiring an additional 741 shares in the last quarter. CWM LLC boosted its stake in StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after acquiring an additional 355 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in StoneX Group by 4,057.1% during the first quarter. Larson Financial Group LLC now owns 1,164 shares of the company's stock worth $89,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

StoneX Group Stock Up 3.4%

NASDAQ:SNEX traded up $3.05 during mid-day trading on Tuesday, hitting $92.46. 479,830 shares of the company's stock were exchanged, compared to its average volume of 416,670. StoneX Group Inc. has a one year low of $50.31 and a one year high of $100.40. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The business has a fifty day moving average price of $90.65 and a 200 day moving average price of $84.04. The company has a market cap of $4.82 billion, a PE ratio of 15.75 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.17). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. Equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director directly owned 115,749 shares of the company's stock, valued at $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Abigail H. Perkins sold 16,098 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the transaction, the insider directly owned 31,076 shares of the company's stock, valued at $2,642,703.04. The trade was a 34.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 76,430 shares of company stock valued at $6,582,552. 11.70% of the stock is owned by company insiders.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.